Brand it like Beckham: Footballer signs new deal

David Beckham wants the world to know that his new deal with Global Brands isn't just about him.

Along with American idol creator Simon Fuller, the famed footballer signed a 50/50 joint-venture deal with Hong Kong-listed Global Brands Group this week to build brands with high profile sports and entertainment icons around the world.

"We really have to clarify that this project is about me stepping away from personalized products. There might be the odd thing, but it's about me, Global Brands and Simon Fuller, creating something for other brands, other icons,"

"It's not about David Beckham watches, bed sheets, socks, candles; it's about a bigger picture."

Bruce Rockowitz, CEO of Global Brands, told CNBC the project is looking into all types of consumer products, with everything from fashion to electronics on the table.